Direct Grad PLUS Loan Information
The Direct Grad PLUS Loan is specifically for graduate/professional students and is designed to help bridge the gap between the financial aid awarded and the cost of attendance. The Direct Grad PLUS loan has a fixed interest rate of 5.30% for loans first disbursed on or after July 1, 2020 and can be consolidated with federal Direct Sub/Unsub and Perkins loans upon graduation. Unlike the sub/Unsubsidized and Perkins loans, however, the Grad PLUS loan requires a credit approval and charges a 4.236% origination fee. The Direct Grad PLUS Loan is unsubsidized and begins to accrue interest at the point of disbursement. Payments are deferred as long as the student is enrolled at least half time in an eligible program, however, students have the option to make interest payments while in school. Funds are electronically disbursed to the College in two separate payments, generally at the beginning of each semester. The FAFSA is required for the Direct Grad PLUS loan.
Apply for a Direct Grad PLUS Loan
To apply for a Direct Grad PLUS loan, please visit our Loan Application Instructions page.